International specialty re/insurance managing general agent (MGA) Rokstone has announced the appointment of Rama Chandran (pictured above) to head its Asia Pacific operations.
Chandran will join Rokstone after completing his notice period at QBE International, where he currently serves as head of marine for Asia. He brings more than 40 years of experience across facultative and treaty business, with a longstanding presence in the marine insurance market.
His previous leadership roles include senior positions at Argo Underwriting, Asia Capital Re, and Swiss Re. Chandran has served as chairman of the Ocean Hull Committee at the International Union of Marine Insurance (IUMI) and continues as a committee member.
He is also a member of the Marine Committee at the General Insurance Association of Singapore. Lloyd’s List has recognized him as one of the most influential figures in the global marine insurance sector.
Rokstone is establishing a new hub in Singapore, with Chandran tasked with overseeing its expansion in the region. The Asia Pacific operation will be supported by a multi-year, US$25 million Lloyd’s capacity agreement. The unit is expected to initially underwrite all marine classes, including construction (builders risk), cargo, hull, and liability.
James Potter, chairman at Rokstone, said Rama’s appointment is a significant development in advancing the company's marine strategy.
“Rama’s appointment represents a major step forward in our global marine strategy. His reputation, technical excellence, and leadership credentials are second to none, and we are incredibly proud to welcome him to the team,” Potter said.
Rokstone has been pursuing a strategy of global expansion through strategic alliances, including a recent US$25 million facility backed by Allianz Commercial to enhance its North American marine operations.
The Asia Pacific marine insurance market continues to grow, accounting for 28.4% of global marine insurance premiums in 2022, according to IUMI. This represents a steady increase from earlier years and underlines the importance of the region as a key area for market development and expansion in the insurance sector.
Rokstone has also expressed interest in supporting sustainable shipping initiatives. The company has been involved in projects aimed at adopting green technologies and promoting the use of alternative power sources in maritime operations.
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